Alibaba Continues To Lose Key Heads As It Looks To Slash Workforce By 30%

Alibaba Group Holding Ltd BABA Alibaba.com North American and European operations head and its Global President/CMO John Caplan announced his departure.
Alibaba.com is Alibaba's B2B eCommerce marketplace.
"After 5 years, I have made the tough decision to leave Alibaba Group. It's been a joyful journey," Caplan said.
Caplan's exit follows Alibaba's lookout for new CEO for its South China Morning Post, as CEO Gary Liu took charge of running Alibaba's new NFT spinoff.
Caplan joined Alibaba in 2017 as its CMO for Alibaba.com, pymnts.com reports.
Alibaba is planning to slash 30% of its workforce after its MMC division decided to lay off 20% employees.
Price Action: BABA shares are down by 4.85% at $103.04 premarket on the last check Monday.